In this excellent article, WSJ profiles the so called new breed of Green Techies in India.
There’s a new breed of technology entrepreneurs in India. They are not tech gurus or computer geeks, but passionate innovators who see green as the way of the future. These entrepreneurs have started with a germ of an idea and developed it into a feasible product. Some of these start-ups have succeeded in taking a product to market, but many of them still rely on the generosity of family and friends to stay afloat. Deals India took a close look at three such companies at various stages in their development cycle.
SuRe Energy Systems Pvt. Ltd.
Founders: Mushtaq Ahmed and Anupam Kunwar
Founded in: 2009
Funding: $150,000 from friends; looks to raise second round of funds through convertible debt from existing investors.
Product: SolarMax CAL is developing a low cost, solar lighting product that is designed to illuminate dark interiors and exteriors inside warehouses or perimeter walls.